Tax Consequences of a Michigan-Florida Residence Change

If you are a Michigan resident who spends more than half of your year in Florida, you may be wondering whether it is advantageous to officially change your residence to Florida. As with all tax and estate planning matters, the answer will vary depending upon your unique situation. However, the most common considerations deal with income taxes and exemptions for homestead (Florida) and principal residence (Michigan). Read More

Updating Your Estate Plan after a Move to Florida

So you’ve made a move to Florida. Do you need a new will and trust? Most often, the answer is no. Generally speaking, an estate plan that was validly executed in the state where it was signed is valid in all other states. However, there are some scenarios which merit updating an estate plan to conform to Florida law. If your estate plan falls within either of these categories, it’s time for an update. Read More